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Glossary · India Regulatory

India regulatory glossary

18 India-specific terms with the defining regulation and a plain-English definition. Looking for global risk terms? See the main glossary.

SDF — Significant Data Fiduciary

DPDP Act §10

An entity designated by the Central Government based on volume or sensitivity of data processed; subject to additional obligations including DPO appointment and algorithm audits

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DPB / DPBI — Data Protection Board of India

DPDP Act §18

The quasi-judicial body established under the DPDP Act to adjudicate complaints and impose penalties up to ₹250 Cr; operational ~May 2027

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Consent Manager

DPDP Rules 2025

A registered intermediary that enables Data Principals to give, manage, review, and withdraw consents across multiple Data Fiduciaries from a single interface

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Data Fiduciary

DPDP Act §2(i)

An entity that determines the purpose and means of processing personal data — equivalent to GDPR's 'data controller'. Carries primary obligations under the DPDP Act

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Data Processor

DPDP Act §2(k)

An entity that processes personal data on behalf of a Data Fiduciary, under a written contract. Less direct obligation than a Fiduciary

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MD-ITGRC

RBI

Master Direction on IT Governance, Risk, Controls and Assurance Practices, issued November 2023, effective April 2024. The primary RBI IT governance framework for regulated entities

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CSCRF

SEBI

Cybersecurity and Cyber Resilience Framework — SEBI's comprehensive cybersecurity standard for regulated entities, issued August 2024. Supersedes all earlier SEBI cybersecurity circulars

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CCI — Cyber Capability Index

SEBI

A self-assessment maturity score submitted annually by SEBI-regulated entities showing cybersecurity posture across the five CSCRF categories

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RE — Regulated Entity

SEBI CSCRF

Any entity regulated by SEBI, categorised into four tiers: Market Infrastructure Institutions (MIIs), Qualified RTAs (QRTAs), RE-T1, and RE-T2/T3 based on size and systemic importance

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MII — Market Infrastructure Institution

SEBI

Stock exchanges, clearing corporations, and depositories — the highest tier of SEBI-regulated entities with the strictest CSCRF obligations and tightest timelines

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SAR — Security Audit Report

IRDAI

An annual report of the cybersecurity audit results submitted by IRDAI-regulated insurers to the regulator; must be filed by a qualified IS auditor

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CSITE

RBI

Cybersecurity and IT Examination unit of RBI — the body to which banks must report cyber incidents within 6 hours; conducts IT examinations of regulated entities

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ITGRC

RBI

IT Governance, Risk, Controls and Assurance — the four-pillar framework of RBI's MD-ITGRC 2023 covering governance structure, risk management, controls catalogue, and assurance mechanisms

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CERT-In Directions 2022

CERT-In / MeitY

Mandatory directions issued under Section 70B of the IT Act requiring organisations to report cyber incidents within 6 hours, retain logs for 180 days, synchronise to Indian NTP, and maintain VPN/cloud KYC records

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NCIIPC

Government of India

National Critical Information Infrastructure Protection Centre — the body that designates Critical Information Infrastructure (CII); separate from CERT-In's incident response role

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VAPT — Vulnerability Assessment & Penetration Testing

RBI / SEBI / IRDAI

Mandated annual (or more frequent) security testing of all critical systems; must be conducted by empanelled or qualified testing firms; findings must be remediated within prescribed timelines

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TPRM — Third-Party Risk Management

RBI / DPDP

The process of assessing, monitoring, and managing risks from vendors, outsourced partners, and service providers — mandated by RBI MD-ITGRC and reinforced by DPDP Act processor obligations

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BRSR — Business Responsibility and Sustainability Report

SEBI

SEBI-mandated sustainability disclosure framework for listed entities; relevant to RiskPedia's ESG and climate risk content

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